Kintavar Exploration Inc. announce the initial results from the infill drilling at the Mitchi project, Sherlock zone that was completed in December 2022. The results include 8 drill holes that were targeting the Western and Northern portion of the open pit shell target, or the deeper portion of the mineralization. The remaining 8 holes targeted the Eastern and Central portions of open pit shell target, or the shallow portion of the mineralization.

Drill hole MS-22-95 provided the most unexpected results in both grade and thickness (0.51% Cu, 4,7 g/t Ag over 65.7m from 108.3m to 174m, and still open, including 0.84% Cu and 7.8 g/t Ag over 14m). This new intersection extended the mineralized horizons both to the North and at depth and will help build additional tonnage in the resource calculation. While previously the envisioned open pit for the resource model was targeting the mineralization in the top 100m from surface, hole MS-22-95 extends the mineralization to a depth of 174m.

The hole was stopped in mineralization with the best assay from the entire drill hole giving 1.41% Cu and 13 g/t Ag over 0.9m. The assays from the remaining 8 holes are expected in the coming weeks The cross section as well highlights the interbedding observed throughout the sedimentary basin. As a result, multiple mineralized horizons are present, with each one having variable thickness and grade, but only the starting depth and grade of the main intersection is indicated.

The other mineralized intersections in each hole are not presented. In order to be able to properly exploit the thinner or less mineralized zones, a sorting technology is being currently tested in a bench scale. If successful, additional tonnage would become available for inclusion in the resource model.

Results on the sorting testwork are expected in the spring. Work has begun with InnovExplo on the maiden 43-101 resource estimate and is expected to be completed around April 2023 if no delays are encountered.